Homework: Chapter 6 Homework (Sp 22) Question 5, E6-42A (similar to) HW Score: 43.38%, 2.17 of 5 points Points: 0 of 1 Save The annual data that uliows pertain to die a manufacturer of swimming goggles (the company had no beginning inventory) (Click the ican to view the Read the equitements Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for fee it for the year. Begin with the conventional (absorption costing) income statement Income Statement (Absorption Costing) For the Year Ended December 31 Ses revenue Less Ct of good Os prof Less Operating ex Help me solve this Video Get more help- Data table Sales price Variable manufacturing expense per unit Sales commission expense per unit Fixed manufacturing overhead.. Fixed operating expenses Number of goggles produced.. Number of goggles sold Print Done 41 20 $ $180,000 $ 230,000 220,000 205,000 x Requirements 1. Prepare both conventional (absorption costing) and commitution margin (variable costing) income statements for See for the year 2. Which statement shows the higher operating income? Why? 3. The company marketing vice president beleves a new sales promotion that costs $160,000 would increase sales to 220,000 goggles Should the company go ahead with the promotion? Give your reason Print Done Clear all Check answer